RE:Oct 26th Deadline & can we sue for our investments. You raise a very valid point. It's hard for me to fathom that any
sane person with a modicum of common sense. Would invest money
in a PP of a POS company like this. Who's only asset as far as I
can determine is a lawsuit against the Columbian government which
historically has been known to be nothing more than a haven for
drug lords.
A lawsuit none the less which they may or may not win and even if
they do win. Is unlikely in my opinion to ever receive a penny. In their
last press release they made reference to Eco Oro (EOM) which is fighting
a similiar arbitration case against Columbia. Which two years ago received
a favourable ruling finding the Columbian governemt liable. Well that
was two years ago and how much money have they received so far. NONE,
ZIP, ZERO!
You know the old saying "You can't fight city hall". Well the Columbian
government is not stupid they are fighting their case with MTK the
same way they are with EOM. Which is dragging this case on as long as
possible till both EOM and MTK are broke and don't exist anymore.
Seems to be working thus far if you ask me!
On surface it appears to me the only ones that have made any money on
this POS over the last serveral years are Hinchcliffe and the lawyers.
According to financial statements Hinchliffe's renumeration as CEO of
MTK was $260K+ a year. I'll also point out that while he served as CEO
of MTK (formerly Galway Gold) his renumeration for Galway Metals (GWM).
MTK's sister company is a similiar amount.
That's over $500K a year for running two penny stock companies from
the same office I might add. Both of which you could say "are in the
dumps currently". So yeah Mr. Hincliffe is no longer CEO of MTK and I'm
sure he still owns shares of MTK and in the same boat as the rest of us
in that regard. But as far as I'm concerned no one is worth that type
of money for running two penny stock companies.
So my message to MTK management is this: If you want to keep this POS
alive and continue to fight this idiotic case.
Then put the dam money up yourselves!